AXP · American Express Co
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Jul 24, 2026TL;DR. American Express reported Q2 2026 revenue up 10% and EPS of $4.53 (+11% YoY), driven by the highest billed business growth in three years (9% FX-adjusted). The company raised its full-year 2026 revenue growth guidance to 10% (maintained EPS guidance of $17.30–$17.90) and plans to reinvest the outperformance into growth initiatives including customer acquisition, technology, and the pending TheFork acquisition.
- + Raised full-year 2026 revenue growth guidance to 10% on better-than-expected first half performance.
- + Q2 billed business growth accelerated to 9% FX-adjusted, the highest in three years, with U.S. consumer up 11%.
- + Q2 EPS rose 11% YoY to $4.53 with net card fees up 15% and pretax income up 15%.
- + Net card fee growth expected to accelerate to high teens exiting Q4, driven by Platinum repricing.
- + Credit performance remains best-in-class with delinquency and write-off rates below 2019 levels.
- + Strong capital returns of $2.9B in Q2 ($2.2B buybacks, $0.6B dividends) with ROE of 36%.
- − Sale of small business cobrand portfolios will create ~1ppt drag on Q4 spend growth and ~2.5ppt drag on NII.
- − VCE-to-revenue ratio now expected at 44%–45% for FY 2026, higher than originally expected due to stronger spend.
- − Q2 marketing spend guidance stepped up to ~10% YoY in H2 to fund customer acquisition investment.
- − Consolidated expenses up 12% YoY in Q2, outpacing revenue growth, driven by higher VCE from Platinum refresh and benefit usage.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Research
our published analysis of this company
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Credit Services — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
AXP
this stock
American Express Co
|
$219.09B | -12.3% | +13.4% | 19.7 | 1.5% |
|
V
Visa Inc.
|
$669.79B | +7.1% | -4.9% | — | 1.1% |
|
MA
Mastercard Inc
|
$503.20B | +0.4% | +16.4% | 31.6 | 0.9% |
|
COF
Capital One Financial Corp
|
$126.84B | -14.7% | +36.6% | 12.4 | 1.8% |
|
PYPL
PayPal Holdings, Inc.
|
$47.26B | -7.8% | +4.3% | 10.1 | 3.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| AXP | -0.5% | -3.5% | +7.4% | -1.7% | -12.3% |
| SPY | -1.1% | -2.0% | +16.0% | -1.3% | +11.1% |
| vs SPY | +0.6% | -1.5% | -8.5% | -0.5% | -23.4% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.